Ashok Leyland has inked a Letter of Intent (LoI) with Phinergy of Israel. With the intention of providing varying Energy Management solutions to the customers, Ashok Leyland and Phinergy will work towards the adaptation of unique, competitive, and sustainable solutions for high-energy applications in the commercial vehicles space. This step has been taken by the company in order to secure long-term arrangements for its EV Commercial Vehicles.
Phinergy of Israel has developed cutting edge technology solutions for the use of Aluminium Air Batteries for EV and other applications. With Ashok Leyland, Phinergy will be tailoring its unique technology to meet the demanding high-energy requirements of Commercial Vehicles in the Indian market.
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company's products include buses, trucks, engines, defense and special vehicles.